Investors should consider the features of the contract and the underlying portfolios’ investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information is contained in the prospectus, which can be obtained on the prospectus page or by contacting the National Sales Desk. Clients should read the prospectus carefully before investing.
Variable annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office) and distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Prudential Annuities is a business of Prudential Financial, Inc.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any clients or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing a client’s retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.
Optional benefits may not be available in every state and have requirements for election and other restrictions. The Defined Income Benefit and Dynamic Income Benefit cannot be cancelled in the first year following election; however, upon specified events, we may terminate the benefit. The benefit charges are in addition to fees and charges associated with the basic annuity. Please see the prospectus for more information.
All references to guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options.
With the Defined Income Benefit withdrawals in excess of the Guaranteed Income Amount impact the value of your client’s benefit and can also affect the certainty of his or her income. An excess withdrawal occurs when your client’s cumulative Lifetime Withdrawals exceed his or her Guaranteed Income Amount in any benefit year. If an excess withdrawal is taken, only the portion of the Lifetime Withdrawal that exceeds the remaining Guaranteed Income Amount will proportionally and permanently reduce his or her Guaranteed Income Amount for future years. If an excess withdrawal reduces the account value to zero, no further amount would be payable and the contract terminates. Please note that Non-Lifetime Withdrawals proportionally reduce the Guaranteed Income Amount by the ratio of the Non-Lifetime Withdrawal amount to the Account Value immediately prior to the Non-Lifetime Withdrawal.
With the Dynamic Income Benefit, Excess Income - Income Withdrawals in any benefit year, including withdrawals of Required Minimum Distributions (RMDs), that alone or in combination with other Income Withdrawals exceed the available Annual Income Amount (AIA) and any unused AIA - impacts the value of your benefit and can also affect the certainty of your income. If any excess income is taken, only the portion of the excess income that exceeds the remaining AIA will proportionally reduce your Income Base. If your excess income reduces the Account Value to zero, no further amount would be payable, and the benefit and the contract terminate. Please note that any withdrawals made before the first income withdrawal will reduce the Account Value and Income Base by that amount.
A variable annuity is a long-term investment designed for retirement purposes. Investment returns and the principal value of an investment will fluctuate so that an investor’s units, when redeemed, may be worth more or less than the original investment. Withdrawals or surrenders may be subject to contingent deferred sales charges. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Withdrawals reduce the account value and the living and death benefits.
All products and optional benefits may not be available in all states or through all third-party broker/dealers.
Issued on contract: ICC19-P-VA-IND(6-19) et al. or state variation thereof
Issued on riders: P-RID-LW(11/19), ICC19-P-RID-LI(6-19), ICC19-P-RID-ROP(6-19) or state variation thereof
Created Exclusively for Use by Financial Professionals. Not for Consumer Use.
For Compliance Use Only: 1024021-00003-00